Shorts On Watch: Carrols Restaurant Group Incorporated (NASDAQ:TAST) Shorted Shares Increased 6.83% After Market Selling

November 17, 2016 - By Pete Kolinski   ·   0 Comments

Shorts On Watch: Carrols Restaurant Group Incorporated (NASDAQ:TAST) Shorted Shares Increased 6.83% After Market Selling

The stock of Carrols Restaurant Group Incorporated (NASDAQ:TAST) registered an increase of 6.83% in short interest. TAST’s total short interest was 1.19M shares in November as published by FINRA. Its up 6.83% from 1.11 million shares, reported previously. With 151,600 shares average volume, it will take short sellers 8 days to cover their TAST’s short positions. The short interest to Carrols Restaurant Group Incorporated’s float is 3.58%. The stock closed at $12.6 during the last session. It is down 10.83% since April 15, 2016 and is downtrending. It has underperformed by 15.45% the S&P500.

Carrols Restaurant Group, Inc. is a holding company. The company has a market cap of $451.53 million. The Firm conducts all of its activities through its direct and indirect subsidiaries. It has a 33.81 P/E ratio. The Firm operates in the hamburger category of the quick-service restaurant segment of the restaurant industry.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.73, from 1.78 in 2016Q1. The ratio dropped, as 26 funds sold all Carrols Restaurant Group, Inc. shares owned while 39 reduced positions. 12 funds bought stakes while 56 increased positions. They now own 25.25 million shares or 12.64% less from 28.90 million shares in 2016Q1.
Cadence Mngmt Limited Company has 0.04% invested in the company for 39,350 shares. The Kansas-based Waddell And Reed Financial has invested 0.01% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Blackrock Institutional Trust Na has 851,095 shares for 0% of their US portfolio. Blackrock Limited Liability Corporation last reported 0% of its portfolio in the stock. Northern Trust has 0% invested in the company for 404,693 shares. Allianz Asset Management Ag, a Germany-based fund reported 450,056 shares. Us Commercial Bank De holds 7,310 shares or 0% of its portfolio. Airain Limited last reported 0.01% of its portfolio in the stock. Ny State Common Retirement Fund last reported 0% of its portfolio in the stock. Envestnet Asset Mgmt Inc accumulated 0% or 26,267 shares. Blackrock Group Limited has invested 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). G2 Investment Prtnrs Mngmt Ltd Liability Company holds 0.8% or 145,738 shares in its portfolio. Rhumbline Advisers holds 0% or 35,721 shares in its portfolio. Cubist Systematic Strategies Limited Liability owns 12,535 shares or 0.01% of their US portfolio. Art Ltd Co has 0.02% invested in the company for 30,521 shares.

Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 1 sale for $54,443 net activity. LaLonde Timothy sold $54,443 worth of stock.

TAST Company Profile

Carrols Restaurant Group, Inc., incorporated on September 15, 1986, is a holding company. The Firm conducts all of its activities through its direct and indirect subsidiaries. The Firm operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company’s subsidiaries include Carrols LLC and Carrols Corporation.

More notable recent Carrols Restaurant Group, Inc. (NASDAQ:TAST) news were published by: Businesswire.com which released: “Carrols Restaurant Group, Inc. Completes the Acquisition of 17 BURGER KING …” on November 16, 2016, also Bizjournals.com with their article: “New York firm acquires Pittsburgh-area Burger Kings” published on November 17, 2016, Businesswire.com published: “Carrols Restaurant Group, Inc. Completes the Acquisition of Six Burger King …” on May 26, 2016. More interesting news about Carrols Restaurant Group, Inc. (NASDAQ:TAST) were released by: Businesswire.com and their article: “Carrols Restaurant Group, Inc. to Announce Third Quarter 2016 Financial …” published on October 20, 2016 as well as Businesswire.com‘s news article titled: “Carrols Restaurant Group, Inc. Completes the Acquisition of 46 BURGER KING …” with publication date: December 09, 2015.

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By Pete Kolinski


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